Nifty breaches 6,100; RIL, Infosys rise
Reuters Market Eye - The Nifty breached the 6,100 level for the first time since Jan 6, 2011. Strong earnings from blue-chip companies including Infosys and RIL, reform measures by the government and rate cut expectation by the RBI have led to a 3 percent rise in the index in 2013 as of Monday's close.
Leading the gains on Tuesday: ICICI up 1.3 percent, Reliance Industries up 0.99 percent. Top index gainers: Asian Paints up 3 percent, NTPC rises 2.1 percent.
(Reporting by Manoj Dharra)
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India approved on Saturday the purchase of 814 mounted gun systems for the army at a cost of 157.5 billion rupees ($2.55 billion), a defence ministry spokesman said. Full Article